Question
WhenQ=50,TFC=$2,000andTVC=$8,000. WhenQ=60,TVC=$9,000. Which of the following is true? Select one: a.WhenQ=50 or 60,AFCis constant at $40. b.WhenQ=50, AVC = $160 and whenQ=60, AVC = $150
WhenQ=50,TFC=$2,000andTVC=$8,000. WhenQ=60,TVC=$9,000. Which of the following is true?
Select one:
a.WhenQ=50 or 60,AFCis constant at $40.
b.WhenQ=50, AVC = $160 and whenQ=60, AVC = $150
c. When Q=50, ATC = $200 and whenQ = 60, ATC = $166.67.
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
